Increased Value (IV)

Increased Value (IV) Insurance or Hull Interest Insurance

Increased Value (IV) Insurance or Hull Interest Insurance is a property insurance that insures the full value, or mortgage value, of a vessel and/or the additional costs of replacing a vessel if it is a total loss.

Who can be covered?

Limits

Standard limit up to USD 50 million per event (higher limits on request)

Deductibles

Important exclusions

• War – War Hull Interest can be purchased separately.
• Claims not covered under H&M.

Freight Interest Insurance

Freight Interest Insurance is property cover which is used to ensure that the full value, or mortgage value, of a vessel and/or the additional costs of replacing a vessel are covered if it is a total loss.

Who can be covered?

Limits

Standard limit up to USD 50 million per event (higher limits on request)

Deductibles

Important exclusions

• War – War Freight Interest can be purchased separately.
• Claims not covered under H&M.

Freight All Risk Cover

A loss of earnings insurance, Freight All Risk Cover will protect the shipowner or charterer against loss of freight payment.

Who can be covered?

• Shipowners
• Charterers

Limits

Standard limit up to USD 40 million per event (higher limits on request)

Deductibles

Important exclusions

• War – separate War Insurance is available.

Quick Links

Visiting Address

The Swedish Club
Gullbergs Strandgata 6
SE-411 04 Gothenburg
Sweden

Emergency

Gothenburg: +46 31 151 328
Athens: +30 6944 530 856
Oslo: +46 31 151 328
London: +46 31 151 328
Hong Kong: +852 2598 6464
Singapore: +852 2598 6464

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Postal Address

The Swedish Club
Gullbergs Strandgata 6
PO Box 171
SE-411 22 Gothenburg
Sweden